Axon Enterprise [AXON] - Last Close: $175.73 Axon Enterprise is trending after a strong earnings report. The police equipment company reported its Q2 earnings late Tuesday, and the results topped expectations. Axon generated non-GAAP EPS of $1.11 on Tuesday, more than double the previous year's $0.44 figure, and crushed the consensus of $0.62 per share. Revenues of $374.6 million also topped the Street's $350.5 million target. Axon also hiked its full-year revenue forecast, which also topped expectations. AXON is currently leading the S&P 500 with a 14.9% gain. My Take: AXON is coming off a big pullback, but this rally could put it back on the right track if it can sustain the momentum. Computer Task Group [CTG] - Last Close: $8.00 Computer Task Group has agreed to a buyout deal. The IT firm has entered into a definitive agreement to be bought out by Cegeka Group in an all-cash acquisition deal worth $170 million. Under the terms of the agreement, CTG investors will receive $10.50 per share for each share of common stock, representing a 31.2% premium to CTG's last close. The transaction will proceed via a tender offer, and both companies' boards have already unanimously approved the agreement. CTG is one of today's top premarket movers with a 27.1% gain. My Take: CTG has had a decent year, but it looks like investors have decided to take the pay day. Unfortunately, upside in this trade is virtually nonexistent at its current price point. Tango Therapeutics [TNGX] - Last Close: $3.83 An analyst note is boosting shares of Tango Therapeutics. Early Tuesday, HC Wainwright & Co. analyst Robert Burns reiterated his "buy" rating on the stock and doubled-down on his $11 price target. Shares of TNGX jumped 11.3% on Tuesday after the analyst published his report, but the gains didn't stop at the closing bell. The TNGX rally is accelerating in today's premarket. Shares are up 28.7% on elevated trading volume. My Take: TNGX has suffered some declines over the past few months, but its recent gains could be a sign that its 2023 downtrend has bottomed out. LivePerson [LPSN] - Last Close: $3.99 LivePerson is running hot after a strong earnings report. The holographic entertainment company posted a double-line beat on its Q2 results published after Tuesday's close. LivePerson reported a surprise profit of $0.12 per share, steamrolling the analyst consensus of a $(0.38) per share loss. Its Q2 sales came in at $97.52 million, also topping the Street's $96.85 million estimate. Roth Capital Partners upgraded the stock from "neutral" to "buy" and set its price target at $6 in response to the strong quarter. LPSN is one of today's top premarket performers with a 20.3% gain. My Take: LPSN was trading for around $70 at the in Sept. of last year, so this stock could have major upside if it can get its groove back. I think it still has a long way to go, but its Q2 numbers certainly impressed. GainersEbet [EBET] >> +44.1%180 Life Sciences [ATNF] >> +36.1%VistaGen Therapeutics [VTGN] >> +23.7%Esports Entertainment [GMBL] >> +24.6%DeclinersVeritone [VERI] >> (24.7%) Bruush Oral Care [BRSH] >> (30.0)Tigo Energy [TYGO] >> (34.2%)Doximity [DOCS] >> (26.0%) Roblox Corporation [RBLX] ... AM Brookfield Asset Management Inc [BAM] ... AM UWM Holdings Corporation [UWMC] ... AM Charles River Laboratories International, Inc. [CRL] ... AM Walt Disney Company (The) [DIS] ... PM The Trade Desk, Inc. [TTD] ... PM Illumina, Inc. [ILMN] ... PM Wynn Resorts, Limited [WYNN] ... PM U-Haul Holding Company [UHAL] ... PM Applovin Corporation [APP] ... PM None scheduled. |